JASMY shows bullish momentum, with key resistance at $0.024 potentially leading to a breakout.
Ethereum ETF approval boosts market sentiment, fueling JASMY’s upward movement.
A break above $0.0244 could trigger a 200% rally for JASMY in the coming days.
JasmyCoin (JASMY) is showing signs of strong momentum, and traders are starting to take notice. Over the weekend, JASMY held steady, reaching a crucial resistance point at $0.024. This is the highest price since April 28th. As the overall crypto market sentiment improves, many believe JASMY could be on the brink of a breakout. If that happens, a 200% rally may be just around the corner.
https://twitter.com/CryptoFaibik/status/1860314143384813642 What’s Fueling JASMY’s Potential Breakout?
Recent developments in the crypto market are playing a major role in JASMY’s upward movement. The SEC’s approval of Ethereum ETFs has brought renewed optimism. Alongside the earlier approval of Bitcoin ETFs, billions of dollars have flowed into the market, fueling growth across the board.
On the technical side, JASMY has formed a bullish pattern. After hitting a low of $0.015 in May, the token has surged above key moving averages. The 50-day and 25-day Exponential Moving Averages have crossed bullishly, signaling more potential gains.
The Path Forward: Will JASMY Break $0.0244?
JASMY is also showing an inverse head and shoulders pattern, a strong sign of a bullish trend. The next major resistance to watch is $0.0244, its highest point from March 26th. A break above this level could send JASMY to its year-to-date high of $0.02757.
This would likely trigger a surge of buying, pushing prices higher. If the breakout momentum continues, some analysts predict a 200% rally could follow. For now, JasmyCoin is quietly positioning itself for potential gains.
The current patterns, combined with positive market sentiment, suggest a strong move ahead. Traders should stay alert to see if JASMY can push past key resistance levels, setting the stage for a major bullish run.
The post JASMY’s Quiet Momentum: Watch for a Potential 200% Bullish Rally Soon appeared first on Crypto News Land.
